Retirement plan

PHELPS COUNTY BANK EMPLOYEE STOCK OWNERSHIP PLAN

Name: PHELPS COUNTY BANCSHARES - PHELPS COUNTY BANK EMPLOYEE STOCK OWNERSHIP PLAN (2018) Form 5500
Creator: PHELPS COUNTY BANCSHARES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHELPS COUNTY BANK EMPLOYEE STOCK OWNERSHIP PLAN, PHELPS COUNTY BANCSHARES

PHELPS COUNTY BANCSHARESEIN 43-1146028Plan #003PY 2018

718 NORTH PINE STREET - ROLLA, MO 654010000573-364-5202

Prospect flagsHigh feesHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$38.9M

+1.7% from 2017

Total participants

110

-3.5% from 2017

Average account balance

$367,153

+2.6% from 2017

Annual return

13.65%

-3.11 pp from 2017

Benchmarks

See 7,475 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,475 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$54.12M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$433K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

125

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

90.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.39%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$820

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2H2J2O2Q2S2T3I

Plan features

2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$88K

$1074 / participant

Other / not subdivided$88K100.0%

% of EOY assets

0.226%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KPM CPAS PC
Auditor EIN: 431109768
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$367,153

$94,529+288.4%

$140,019+162.2%

$64,173+472.1%

Participation rate

95.1%

84.1%+11.0pp

87.5%+7.6pp

69.6%+25.6pp

Annual return

13.65%

7.77%+5.9pp

651.15%-637.5pp

7.63%+6.0pp

Employer contribution / active EE

$10,976

$3,812+187.9%

$5,605+95.8%

$2,381+361.0%

Participant deferral / active EE

$1,386

$5,250-73.6%

$6,927-80.0%

$3,470-60.1%

Admin fee / account holder

$831

$6,741-87.7%

$10,705-92.2%

$4,887-83.0%

PHELPS COUNTY BANK EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHELPS COUNTY BANK EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion